Major Multilateral Development Banks (MDBs) have demonstrated a strengthened collaborative commitment to track development flows for climate finance in an attempt to build on the momentum established at last year’s Paris Agreement, as highlighted in an annual joint report.
The 2015 joint report on MDB’s climate finance shows that financial institutions including the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the World Bank Group (WBG) and other regional equivalents are working together to catalyse green investment after establishing guidelines to set a common approach for reporting on climate co-financing flows. Read more at edie.net